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grin007 [14]
2 years ago
12

Mike sells small-business health insurance programs, working on straight commission. Closing the sale is an extremely stressful

point in the selling process for him. If he does not close the sale, the most likely outcome will be
Business
1 answer:
Harlamova29_29 [7]2 years ago
6 0

If closing the sale is an extremely stressful point for him. If he does not close the sale, the outcome will be he will generate no income.

<h3>What is income?</h3>

Income can be defined as a the cash receive from the sales of goods and services.

Based on the given scenario in a situation were Mike did not close the sale for the day this will tend to mean that he will generate no revenue or income reason being that closing the sale will enables him to generate income.

Therefore the outcome will be he will generate no income.

Learn more about income here:brainly.com/question/25745683

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Andrea invests $5,000 in five Epic Electronics bonds that mature in 10 years. Unexpectedly just the week after she invests, she
VladimirAG [237]

Answer:

The answer is option C. She may immediately sell the bonds but it is unclear how much money they will sell for.

Explanation:

She may immediately sell the bonds but it is unclear how much money they will sell for.

Investors who hold onto their bonds until maturity are assured of to receive the face value of the bond. In our case, if Andrea would have chosen to hold her $5,000  bond investment for 10 years, she would have been assured the  bonds face value, however since she prefers to use the cash to work abroad, she can sell the bonds immediately.

Selling a bond before it's maturity date can either be beneficial or detrimental. This depends on the value of the bond at the time of sale. If at the time of sale the bond would have gained value, then the bond will sell at a higher price than when it was bought. On the other hand, if the bond at the time of sale has lost value, then the bond will sell at a lower price than the price which it was bought.

In our case, the best option for Andrea would be to sell the bonds immediately, since she really needs the cash. If it happens that at the point at which she sells the bonds they will have gained value, then she will have more than $5,000 cash, however, if at the point she decides to sell the bonds they will have lost value, then she will have less than $5,000 depending on how much value was lost from the time she bought the bonds and the time she sold the bonds.

4 0
3 years ago
In determining whether to issue a loan, banks are not allowed to ask about an applicant's
Firlakuza [10]

Answer:

country of origin.

Explanation:

Banks have a set of requirements that borrowers need to meet to qualify for a bank loan. The banks will ask questions to determine if the customer is eligible for a loan. Most of the questions pertain to the purpose of the loans and the customer's ability to repay.

The bank will ask about employment history, credit history, tax information, personal information, the purpose of the loan,  collateral, and other questions related to the ability to repay. A person's country of origin is unnecessary and may elicit elements of discrimination.

3 0
3 years ago
Read 2 more answers
Hilton Hotels wishes to conduct a study on the determinants of brand loyalty among Hilton Hotel customers. The Hilton organizati
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Answer: the population for the study is the Hilton Honors Club members.

Explanation:

To gather facts on factors about increasing loyalty, Hilton will have to carry out a survey that will be sent to all of its Hilton Honors club members because these members are the ones who are already loyal to the Hilton brand whenever they travel and can be easily assesible. From Thier valid reports, Hilton will understand how best to increase loyalty from its other remaining 90% visitors.

6 0
4 years ago
Windham Corporation has current assets of $680,000 and current liabilities of $850,000. Windham Corporation's current ratio woul
andre [41]

The ratio could increase with the purchase of $170,000 of inventory on account.

3 0
2 years ago
The following annual amounts pertain to ABC Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992 If a
maria [59]

Answer:

applied overhead for February 9,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

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overheead rate:

\frac{101,988}{67,992}= Overhead \:Rate

Overhead rate = 1.5

Now, applied overhead:

driver usage x rate

6,000 labor hours x 1.5 per hour = $9,000

8 0
3 years ago
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